Buying and Selling a Home

Bank's Refusal to Refinance This Couple's Home Is Astounding

By David Lazarus, Los Angeles Times

Lending rules that were once catastrophically lenient are now heartlessly strict.

One reason we got into our current economic mess is because banks handed out home loans to pretty much anyone with a pulse, regardless of their ability to, you know, actually make mortgage payments.

Banks have subsequently tightened their lending practices, which is a good thing. But have they gone too far?

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Print Date: 2/28/2020
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